Robinhood's Arbitrum Chain Sees $3.1B DEX Volume in First Week

Robinhood Chain went live on Arbitrum and recorded $3.1 billion in decentralized exchange volume during its first week. The network drew 500,000 new addresses over the same period. Robinhood said the chain targets 10 million users for decentralized finance onboarding.

The launch marks the brokerage's push into DeFi. By building on Arbitrum, Robinhood can offer lower fees and faster settlement than its own order-book system. The volume numbers suggest early traction among retail traders looking for onchain alternatives to centralized exchanges.

Robinhood's DeFi bet comes as crypto derivatives trading dwarfs spot volume. The firm already offers crypto trading through its app. The chain extends that into self-custody and onchain swaps.